Property Overview
This 2019-built, two-storey home at 684 Mulvey Avenue in Earl Grey stands out for its modern construction and above-average interior space within a well-established neighbourhood. Its key appeal lies in offering a move-in-ready, contemporary home without the typical maintenance concerns of an older property. The renovated basement adds functional living space. However, the lot size is notably smaller than most in the area, which is a trade-off for the new build. It would best suit buyers who prioritize a modern, low-maintenance home in a central location over a large yard. It's also a strong fit for those looking for a property with recent and significant value appreciation, as evidenced by its assessed value ranking in the top tier of the neighbourhood.
Frequently Asked Questions
1. How does the smaller lot size impact the property?
While the land area is smaller than most homes on the street and in the city, this is a common characteristic of newer infill developments. It means less yard maintenance but also less private outdoor space. The appeal here is the modern house itself, not the land.
2. Why is the assessed value so high compared to area averages?
The assessed value ranks in the top 4% for the street and neighbourhood, reflecting its very recent build year (2019) and renovated condition. It's assessed closer to the value of a new construction home rather than the neighbourhood's older housing stock, which significantly pulls the area average down.
3. What does the sale history indicate?
The home sold previously in 2019 and 2021, with both sale prices ranking in the top tier of the market at those times. This suggests a history of strong market demand for this specific, newer property.
4. Who might this home not suit?
Buyers seeking a large, traditional yard for gardening or recreation, or those prioritizing character details found in Earl Grey's many heritage homes, may find this property less appealing. It's a modern home in a classic neighbourhood.
5. Is the living space actually large?
Yes. With 1,511 sqft, it offers more living area than approximately 90% of homes on its street and 82% of homes in Earl Grey. This spaciousness is a key advantage, especially when combined with the modern floor plan of a newer build.